ALERT: ChipMOS' SUBSIDIARY APPROVED TO BEGIN TRADING ON TAIWAN'S EMERGING
STOCK BOARD ON APRIL 19, 2013
PR Newswire
HSINCHU, Taiwan, April 12, 2013
HSINCHU, Taiwan, April 12, 2013 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES
(Bermuda) LTD. ("ChipMOS" or the "Company") (Nasdaq: IMOS) today announced
that Gre Tai Securities Market ("GTSM") has approved the initial listing of
its subsidiary ChipMOS TECHNOLOGIES INC., a Taiwan corporation ("ChipMOS
Taiwan") on Taiwan's emerging stock board, with trading expected to begin on
April 19, 2013 under the proposed stock ticker 8150. ChipMOS will continue to
trade on NASDAQ under the ticker "IMOS", with no impact to or action required
by existing stockholders.
The Company and ChipMOS Taiwan, with the assistance of its underwriters,
Yuanta Securities Company, Limited and Capital Securities Corp., will continue
to work towards satisfying eligibility requirements for listing ChipMOS Taiwan
on the Taiwan Stock Exchange ("TSE") in the second quarter of 2014. Whether
requirements can be satisfied for the continued listing on Taiwan's emerging
stock board or the initial listing on the TSE depends in part on market
conditions and other factors not within the control of the Company or ChipMOS
Taiwan, including needed regulatory approvals. Even if ChipMOS Taiwan
receives these approvals, it does not guarantee it will be able to satisfy
other requirements. For these reasons, there can be no assurance that ChipMOS
Taiwan's shares will continue to trade on Taiwan's emerging stock board or
that ChipMOS Taiwan will be listed on the TSE.
The details concerning Company's Board of Directors approval of listing plans
for ChipMOS Taiwan were announced in a press release issued by the Company on
March 18, 2013.
S.J. Cheng, Chairman and Chief Executive Officer of ChipMOS, said, "This is
another important step forward for us in our plan to both streamline our
corporate structure and to further enhance our global profile to the benefit
of ChipMOS and our investors."
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS (http://www.chipmos.com) is a leading independent provider of
semiconductor testing and assembly services to customers in Taiwan, Japan, and
the U.S. With advanced facilities in Hsinchu and Southern Taiwan Science Parks
in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and
assembly services to a broad range of customers, including leading fabless
semiconductor companies, integrated device manufacturers and independent
semiconductor foundries.
Forward-Looking Statements
Certain statements contained in this announcement may be viewed as
"forward-looking statements" within the meaning of Section 27A of the U.S.
Securities Act of 1933, as amended, and Section 21E of the U.S. Securities
Exchange Act of 1934, as amended. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors, which may cause the
actual performance, financial condition or results of operations of the
Company to be materially different from any future performance, financial
condition or results of operations implied by such forward-looking statements.
Further information regarding these risks, uncertainties and other factors is
included in the Company's most recent Annual Report on Form 20-F filed with
the U.S. Securities and Exchange Commission (the "SEC") and in the Company's
other filings with the SEC.
Contacts:
In Taiwan In the U.S.
Dr. S.K. Chen David Pasquale
ChipMOS TECHNOLOGIES (Bermuda) LTD. Global IR Partners
+886-6-507-7712 +1-914-337-8801
s.k._chen@chipmos.com dpasquale@globalirpartners.com
SOURCE ChipMOS TECHNOLOGIES (Bermuda) LTD.
Website: http://www.chipmos.com